Schedule of Forecasted Sales Assignment

2 You are given the following budgeted and actual data for the Grey Company for each of the months January through June of the current year In December of the prior year, sales were forecasted as follows: January, 104 units; February, 99 units; March, 106 units; April, 111 units May, 118 units; June, 126 units. In January of the current year, sales for the months February through June were forecasted as follows: February, 94 units; March, 106 units; April, 106 units; May, 108 units; June, 121 units. In February of the current year, sales for the months March through June were forecasted as follows: March, 101 units; April, 106 units; May, 103 units; June, 121 units. In March of the current year, sales for the months April through June were forecasted as follows: April, 106 units; May, 98 units; June, 111 units. In April of the current year, sales for the months May and June were forecasted as follows: May, 88 units; June, 106 units. In May of the current year, sales for June were forecasted as 106 units. 00:57:33 Actual sales for the six-month period, January through June, were as follows: January, 104 units; February, 94 units; March, 108 units April, 114 units; May, 122 units; June, 130 units.

Required: 1. Prepare a schedule of forecasted sales, on a rolling basis, for the months January through June, inclusive. (Hint: There will be only one forecasted number for January-this is the forecast done in December. For February, there will be two forecasts: one done in December and a second was done in January. For June, there will be six forecasts, one done in each of the preceding six months.) 2. For each of the months March through June, determine the 3-month forecast error rate, defined as 1 minus the absolute percentage error. For example, the forecast error rate for March's sales is found by dividing the absolute value of the forecast error for this month by the actual sales volume for the month. The forecast error for any month (e.g., March) is defined as the difference between the actual sales volume for the month and the sales volume for that month forecasted 3 months earlier (e.g., December). Also, indicate for each month whether the actual sales volume was above or below the forecasted volume generated three months earlier. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a schedule of forecasted sales, on a rolling basis, for the months January through June, inclusive. (Hint: There will be only one forecasted number for January-this is the forecast done in December. For February, there will be two forecasts: one done in December and a second was done in January. For June, there will be six forecasts, one done in each of the preceding six months.) C Forecast for Month of Month of Forecast January February March May June April December January February March April May Required 2 Required 1 Required 1 Required 2 For each of the months March through June, determine the 3-month forecast error rate, defined as 1 minus the absolute percentage error. For example, the forecast error Marc Tace March) any defined as the difference between the actual sales volume for the month and the sales volume for that month forecasted 3 months earlier December). Also, indicate for each month whether the actual sales volume was above o 2 decimal places. For example, 23.423% = 23.42%. ) below the forecasted volume generated three months earlier. (Round “Forecast error rate” answers Show less A January February March April May June Actual sales Forecast error rate % % Direction of error Required 1 Required 2. .